MIRA INFORM REPORT

Report No. :	354109
Report Date :	18.12.2015

IDENTIFICATION DETAILS

Name :	ATLANTA POLAND SA
Registered Office :	Ul. Załogowa 17, 80-557 Gdańsk
Country :	Poland
Financials (as on) :	30.09.2015
Date of Incorporation :	26.05.2003
Legal Form :	Joint Stock Company
Line of Business :	Import and wholesale of raw materials used in sugar and bakery industry (nuts, dried fruit, food additives) Processing of imported nuts Packing of dried fruit
No. of Employee :	312

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
Poland	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

POLAND - ECONOMIC OVERVIEW

Poland has pursued a policy of economic liberalization since 1990 and Poland's economy was the only one in the EU to avoid a recession through the 2008-09 economic downturn. Although EU membership and access to EU structural funds have provided a major boost to the economy since 2004, GDP per capita remains significantly below the EU average. The unemployment rate is now below the EU average. The government of Prime Minister Donald TUSK steered the Polish economy through the economic downturn by skillfully managing public finances and adopting controversial pension and tax reforms to further shore up public finances. While the Polish economy has performed well over the past five years, growth slowed in 2013 and picked back up in 2014. Short-term, the key policy challenge will be to consolidate debt and spending without stifling economic growth. Over the longer term, Poland's economic performance could improve if the country addresses some of the remaining deficiencies in its road and rail infrastructure, business environment, rigid labor code, commercial court system, government red tape, and burdensome tax system, especially for entrepreneurs. Poland’s long-term challenges include diversifying Poland’s energy mix and sources of supply, as well as stemming the outflow of educated young Poles to other EU Member States, especially in light of a coming demographic contraction as the Solidarity-era baby boom generation ages.

Source : CIA

Company name and address

ATLANTA POLAND SA

Ul. Załogowa 17, 80-557 Gdańsk

Phone:    58 5220600

Fax:      58 5220564

E-mail:   info@atlantapoland.com.pl

Website:  atlantapoland.com.pl

company summery

Legal form	Joint Stock Company
Stat.no.	190297892
Tax ID	PL 5830013129
Establishment	25.10.1993 as Limited liability company
	24.06.1999  as Joint Stock Company
Changes of names and addresses	25.10.1993 ATLANTA POLAND Sp. z o.o.
	24.06.1999 ATLANTA POLAND SA
Registration:	26.05.2003, District Court Gdańsk, VII Department, KRS 162799 Data concerning previous registrations: 26.10.1993, District Court Gdańsk, RHB 9136

Shareholders	Rockfield Trading Ltd., Nicolau Pentadromos Centre Limassol, Cyprus
	Percent of owned shares	59.47%
	According to data from the subject company, Rockfield Trading Ltd. owned as at 30.09.2015   3.473.860 shares of ATLANTA POLAND SA (directly) and indirectly via Rockfield Jurata Sp. z o.o. 149.149 shares. Dariusz Mazur owns 100% shares of Rockfield Trading Ltd. which means that as at 30.09.2015 he indirectly owned 59,47% of shares of ATLANTA POLAND S.A..
	GENERALI Otwarty Fundusz Emerytalny, ul. Postępu 15, 02-676 Warszawa
	Percent of owned shares	7.58%
	shareholders' list as at 30.09.2015

Share capital PLN 6 091 904,00
	Share capital divided into 6091904 shares of PLN 1,00 each
	Series of shares 91904 H 100000 G 1265850 F 100 E 230050 D 1900000 C 50 B 2503950 A
	Changes of share capital
	- since 23.12.2004  until 13.10.2006  the capital estimated	PLN 6 000 000,00
	- since 03.06.2004  until 23.12.2004  the capital estimated	PLN 4 634 150,00
	-  until 03.06.2004  the capital estimated	PLN 9 824 398,00
	An in-kind contribution has been made and valued at	PLN  5 276 904,00

Management	Magdalena Zofia Pawelska Mazur , personal ID no. (PESEL) 65083100209  - president Maciej Nienartowicz , personal ID no. (PESEL) 64042113137, ul. Kraśnięta 4, 80-177 Gdańsk  - vice president Piotr Bieliński , personal ID no. (PESEL) 83033115671  - vice president
	Proxies: Dariusz Romuald Mazur , personal ID no. (PESEL) 62111605336, ul. Mickiewicza 33, 80-405 Gdańsk  - independent proxy
	Representation: Each member of the board of directors individually.

Supervisory board

Jolanta Tomalka , personal ID no. (PESEL) 69092312604, ul. Nowodworcowa 10C/8, 81-581 Gdynia  - chairman Arkadiusz Orlin Jastrzębski , personal ID no. (PESEL) 72090601214  - deputy-chairman Roman Mikołaj Gierszewski , personal ID no. (PESEL) 48121504012  - member Maciej Andrzej Możejko , personal ID no. (PESEL) 72070500191  - member Krzysztof Nawrocki , personal ID no. (PESEL) 49061601755  - member

Main activity	Import and wholesale of raw materials used in sugar and bakery industry (nuts, dried fruit, food additives) Processing of imported nuts Packing of dried fruit The retail business is conducted in the production plant in Włocławek (Bakal brand).
	Branches NACE 2007:
	Manufacture of other food products n.e.c.
	Wholesale of fruit and vegetables
	Processing and preserving of fruit and vegetables
	Other administration and business support
	Wholesale trade a, except of motor vehicles
	Land transport; transport via pipelines
	Real estate, renting and business activities

Employment

2007:              140       employees 2010:              more than 200       employees 2013:              212       employees 2014:              283       employees 2015:              312       employees

Turnover	2011	PLN	218 631 000,00
	01.01.2012 - 30.06.2013	PLN	311 187 000,00
	01.07.2013 - 30.06.2014	PLN	233 995 000,00
	01.07.2014 - 30.06.2015	PLN	262 481 000,00
	01.07.2015 - 30.09.2015	PLN	63 309 000,00
consolidated turnover	2005	PLN	130 468 000,00
	2006	PLN	139 006 000,00
	2007	PLN	156 635 000,00
	2008	PLN	148 952 000,00

Financial statements

Source of financial data	other	other	other	other
	periodic	annual	annual	annual
Personal balance sheet as at	30.09.2015 (PLN)	30.06.2015 (PLN)	30.06.2014 (PLN)	30.06.2013 (PLN)
-A. Fixed assets......................	42 693 000,00	42 752 000,00	37 047 000,00	34 834 000,00
-  I. Tangible assets.................	36 558 000,00	36 667 000,00	34 452 000,00	32 392 000,00
-  II. Intangible assets..............	1 409 000,00	1 424 000,00	1 331 000,00	1 323 000,00
-VIII. Other long term investments....	3 230 000,00	3 260 000,00	132 000,00	132 000,00
-IX. Long term receivables............	76 000,00		50 000,00	30 000,00
-XIII. Assets due to deferred income tax...................................	1 420 000,00	1 401 000,00	1 082 000,00	957 000,00
-B. Current Assets....................	110 595 000,00	96 784 000,00	91 104 000,00	89 002 000,00
-  I. Stocks..........................	57 465 000,00	55 030 000,00	47 591 000,00	48 560 000,00
-  III. Receivables due to income tax/ current..........................		62 000,00	28 000,00
-  IV. Trade receivables and other receivables/ supply and services receivables and other receivables.....	48 671 000,00	37 104 000,00	36 008 000,00	35 428 000,00
-  V. Assets from deriviated financial instruments.................				469 000,00
-  VI. Other financial assets.........	40 000,00	36 000,00	10 000,00	62 000,00
-  VIII. Cash and cash equivalents....	4 419 000,00	4 552 000,00	4 167 000,00	1 183 000,00
-  XIV. Fixed assets for sale.........			3 300 000,00	3 300 000,00
-Total assets.........................	153 288 000,00	139 536 000,00	128 151 000,00	123 836 000,00
-A. Equity............................	67 365 000,00	65 963 000,00	58 686 000,00	53 012 000,00
-  I. Initial capital.................	6 092 000,00	6 092 000,00	6 092 000,00	6 092 000,00
-  III. Issued capital over nominal value of shares.......................	12 929 000,00	12 929 000,00	12 929 000,00	12 929 000,00
-  IV. Uncalled capital...............	23 362 000,00	23 362 000,00	22 685 000,00	22 685 000,00
-  VI. Share premium account..........	4 844 000,00	4 844 000,00	4 844 000,00	4 844 000,00
-  VII. Other reserve capital.........	8 590 000,00	8 590 000,00	8 590 000,00	8 590 000,00
-  VIII. Other capital................				495 000,00
-  XII. Profit (loss) from previous years.................................	9 651 000,00		-2 623 000,00	-5 233 000,00
-  XIII. Net profit (loss)............	1 402 000,00	9 651 000,00	5 674 000,00	2 610 000,00
-B. Long term liabilities.............	68 740 000,00	62 439 000,00	48 479 000,00	8 903 000,00
-  I. Credits, loans/ Liabilities due to credits, loand and other debt instruments...........................	65 808 000,00	59 382 000,00	44 951 000,00	5 091 000,00
-  V. Reserves for employees' benefits and other long term reserves.	98 000,00	98 000,00	65 000,00	16 000,00
-  VII. Reserve due to deferred income tax/ Liabilities due to deferred income tax...................	1 976 000,00	1 962 000,00	1 937 000,00	1 984 000,00
-  VIII. Other long term liabilities..	858 000,00	997 000,00	1 526 000,00	1 812 000,00
-C. Short term liabilities............	17 183 000,00	11 134 000,00	20 986 000,00	61 921 000,00
-  I. Credits and loans/ Current account credits.......................	0,00	85 000,00	10 843 000,00	52 519 000,00
-  VIII. Liabilities due to income tax/ current..........................	260 000,00			68 000,00
-  IX. Trade and other liabilities....	10 338 000,00	6 879 000,00	6 120 000,00	6 115 000,00
-  X. Reserve for employees' benefits.	23 000,00	23 000,00	23 000,00	13 000,00
-  XVII. Other liabilities............				3 206 000,00
-Total liabilities....................	153 288 000,00	139 536 000,00	128 151 000,00	123 836 000,00
Source of financial data	other	other	other	other
	periodic	annual	annual	annual
individual PROFIT AND LOSS ACCOUNT	- 01.07.2015- 30.09.2015 (PLN)	01.07.2014- 30.06.2015 (PLN)	01.07.2013- 30.06.2014 (PLN)	01.01.2012- 30.06.2013 (PLN)
-A. Income from sales and similar.....	63 309 000,00	262 481 000,00	233 995 000,00	311 187 000,00
-  - including related companies......		5 000,00	5 000,00	885 000,00
-  I.   Net revenue form sale of products..............................	43 053 000,00	170 854 000,00	145 599 000,00	186 559 000,00
-  II.  Net revenue from sale of goods.................................	20 256 000,00	91 627 000,00	88 396 000,00	124 628 000,00
-B.Cost of products, goods sold.......	54 562 000,00	219 579 000,00	198 305 000,00	267 831 000,00
-  - including related companies......				595 000,00
-  I.  Cost of production of products sold.........................	36 214 000,00	141 096 000,00	121 035 000,00	156 886 000,00
-  II.  Value of products sold........	18 348 000,00	78 483 000,00	77 270 000,00	110 945 000,00
-C. Gross profit on sale..............	8 747 000,00	42 902 000,00	35 690 000,00	43 356 000,00
-D. Costs of sale.....................	4 580 000,00	19 458 000,00	18 365 000,00	23 211 000,00
-E. General management costs..........	1 991 000,00	8 770 000,00	7 888 000,00	11 023 000,00
-F. Profit on sale....................	2 176 000,00	14 674 000,00	9 437 000,00	9 122 000,00
-G. Other operating incomes...........	99 000,00	1 700 000,00	1 996 000,00	3 417 000,00
-H. Other operating costs.............	119 000,00	3 228 000,00	2 318 000,00	3 584 000,00
-I. Profit on operating activities....	2 156 000,00	13 146 000,00	9 115 000,00	8 956 000,00
-J. Financial incomes.................	140 000,00	781 000,00	801 000,00	850 000,00
-K. Financial costs...................	363 000,00	1 803 000,00	2 504 000,00	7 128 000,00
-L. Gross profit on economic activity.	1 933 000,00	12 124 000,00	7 412 000,00	2 678 000,00
-N. Gross profit......................	1 933 000,00	12 124 000,00	7 412 000,00	2 678 000,00
-O. Corporation tax...................	531 000,00	2 473 000,00	1 738 000,00	68 000,00
-  a) current part....................	536 000,00	2 767 000,00	1 910 000,00	262 000,00
-  b) deferred part...................	-5 000,00	-294 000,00	-172 000,00	-194 000,00
-R. Net profit........................	1 402 000,00	9 651 000,00	5 674 000,00	2 610 000,00

AUDITOR

Balance sheet as at 30.06.2015
HLB M2 AUDYT SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ sp. k., ul. Rakowiecka 41/27, 02-521 Warszawa	No. 3697

Expert auditor Andrzej Marek Dobek , personal ID no. (PESEL) 55111800474

No. 10294

Balance sheet as at 30.06.2014
HLB M2 AUDYT SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ sp. k., ul. Rakowiecka 41/27, 02-521 Warszawa	No. 3697

Expert auditor Maciej Czapiewski

No. 10326

Balance sheet as at 30.06.2013
HLB M2 AUDYT SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ sp. k., ul. Rakowiecka 41/27, 02-521 Warszawa	No. 3697

Expert auditor Maciej Czapiewski

No. 10326

Ratios	01.07.2015- 30.09.2015	01.07.2014- 30.06.2015	01.07.2013- 30.06.2014	01.01.2012- 30.06.2013
Current ratio	6,44	8,69	4,34	1,44
Quick ratio	3,09	3,74	1,91	0,60
Immediate ratio	0,26	0,41	0,20	0,02
Return on sale	2,21	3,68	2,42	0,84
Return on assets	0,91	6,92	4,43	2,11
Return on equity	2,08	14,63	9,67	4,92
Average trade debtors' days	70,73	51,60	56,17	62,27
Average stock turnover's days	83,51	76,52	74,24	85,36
average payables payment period	24,97	15,48	32,74	108,84
Total indebtedness ratio	56,05	52,73	54,21	57,19

While rating the company, it is advisable to take into consideration information about the branch, the company is acting in
(C.10.89.Z - NACE 2007), as at :	31.03.2015	31.12.2014	31.12.2013	31.12.2012	31.12.2011
Current ratio............................	1,53	1,78	1,54	1,70	1,56
Quick ratio..............................	1,07	1,19	1,02	1,11	1,02
Immediate ratio..........................	0,15	0,19	0,18	0,20	0,10
Return on sale...........................	3,17	4,01	3,02	1,77	4,05
Return on assets.........................	0,75	4,24	4,26	2,36	5,25
Return on equity.........................	1,12	6,33	7,17	3,99	8,90
Average trade debtors' days..............	70,37	66,92	59,69	66,79	75,40
Average stock turnover's days............	35,72	40,33	39,11	43,32	44,54
average payables payment period..........	81,96	71,43	76,62	76,81	85,33
Total indebtedness ratio.................	33,25	33,08	40,58	40,83	41,03
Percent share in the examinated group of companies with net profit.............	75,70	85,30	90,90	71,40	77,50
Sales/revenue per employee in th. PLN....	115,21	536,71	560,50	533,62	473,92
Average sales/revenue per company in th. PLN..................................	30 905,38	118 107,94	127 166,00	119 134,14	105 507,43
(G.46.31.Z - NACE 2007), as at :	31.03.2015	31.12.2014	31.12.2013	31.12.2012	31.12.2011
Current ratio............................	1,17	1,05	1,07	1,07	1,01
Quick ratio..............................	0,92	0,82	0,78	0,87	0,82
Immediate ratio..........................	0,13	0,16	0,07	0,09	0,09
Return on sale...........................	2,43	1,49	2,04	2,67	2,33
Return on assets.........................	1,69	3,27	4,69	5,61	5,30
Return on equity.........................	7,04	13,31	14,45	15,99	15,45
Average trade debtors' days..............	46,41	49,28	51,15	62,80	55,10
Average stock turnover's days............	14,85	17,79	20,15	15,29	14,70
average payables payment period..........	62,37	79,20	74,69	83,32	77,80
Total indebtedness ratio.................	76,04	75,39	67,55	64,93	65,71
Percent share in the examinated group of companies with net profit.............	80,00	72,40	83,30	83,90	88,20
Sales/revenue per employee in th. PLN....	366,87	1 447,48	1 327,06	1 151,37	981,45
Average sales/revenue per company in th. PLN..................................	44 558,49	182 182,93	161 414,73	138 127,61	117 398,26
according to the Central Statistical Office

Source of financial data	other
	periodic
Consolidated balance sheet as at	30.06.2009 (PLN)
-Fixed assets.........................	26 456 000,00
-  Tangible assets....................	24 758 000,00
-  Goodwill...........................	1 145 000,00
-  Investment available for sale......	132 000,00
-  Assets due to deferred income tax..	421 000,00
-Current assets.......................	55 577 000,00
-  Stocks.............................	21 720 000,00
-  Short term receivables and miscellaneous items...................	24 703 000,00
-  Receivables due to income tax......	29 000,00
-  Currency term contracts............	317 000,00
-  Cash and equivalents...............	8 808 000,00
-Total assets.........................	82 033 000,00
-Equity...............................	32 353 000,00
-Long term liabilities................	42 682 000,00
-  Reserves...........................	17 000,00
-  Reserve due to deferred income tax.	2 575 000,00
-  Long term bank credits and loans...	39 685 000,00
-  Other long term financial liabilities...........................	405 000,00
-Short term liabilities...............	6 998 000,00
-  Reserves...........................	3 000,00
-  Short term bank credits and loans..	1 026 000,00
-  Other short term financial liabilities...........................	2 693 000,00
-  Short term liabilities and miscellaneous items...................	3 276 000,00
-Total liabilities....................	82 033 000,00
Source of financial data	Monitor Polski B	Monitor Polski B
	annual	annual
Consolidated balance sheet as at	31.12.2008 (PLN)	31.12.2007 (PLN)
-A. Fixed assets......................	28 296 000,00	29 367 000,00
-  Intangible assets..................	1 186 000,00	3 649 000,00
-  III. Tangible assets...............	25 516 000,00	24 379 000,00
-  V. Long term investments...........	132 000,00	132 000,00
-VI. Long term prepayments............	1 462 000,00	1 207 000,00
-B. Current assets....................	70 566 000,00	78 924 000,00
-  I. Stocks..........................	23 682 000,00	29 568 000,00
-  II. Short term receivables.........	40 059 000,00	46 704 000,00
-    2. Receivables from other units..	40 059 000,00	46 704 000,00
-      a) due to deliveries with payment period........................	39 048 000,00	45 476 000,00
-      b) due to taxes, donations, insurances, duties, etc...............	29 000,00	294 000,00
-      c) other.......................	982 000,00	934 000,00
-III. Short term investments..........	6 825 000,00	2 652 000,00
-  1. Short term financial assets.....	5 640 000,00
-    d) cash and other liquid means...	5 640 000,00
-2. Other short term investments......	1 185 000,00
-Total assets.........................	98 862 000,00	108 291 000,00
-A. Shareholders' Equity..............	32 975 000,00	32 853 000,00
-  I. Initial Capital.................	6 092 000,00	6 092 000,00
-  II. Unpaid share capital (negative balance)....................	282 000,00
-  III.Share premium capital (-)......	-12 929 000,00	-12 929 000,00
-  IV. Statutory reserve capital......	17 316 000,00	15 157 000,00
-  V. Fixed assets revaluation reserve capital.......................	6 022 000,00	6 143 000,00
-  VI. Other reserve capital..........	8 590 000,00	8 590 000,00
-  VII. Exchange difference from subsidiairies counting................		282 000,00
-  VIII. Profit (loss) from previous years.................................	-18 351 000,00	-16 374 000,00
-  IX. Net profit (loss)..............	95 000,00	34 000,00
-B. Minority capital..................		276 000,00
-D.  Liabilities and reserves for liabilities...........................	65 887 000,00	75 162 000,00
-  I. Reserves for liabilities........	2 607 000,00
-    1. Deffered tax reserve..........	2 587 000,00
-    2. Reserves for pensions and connected social payments.............	20 000,00
-      - long term....................	18 000,00
-      - short term...................	2 000,00
-II. Long term liabilities............	45 774 000,00	9 739 000,00
-  2. due to other units..............	45 774 000,00
-    a) credits and loans.............	45 303 000,00
-    d) other.........................	471 000,00
-III. Short term liabilities..........	17 506 000,00	65 423 000,00
-  2. Due to other companies..........	17 506 000,00
-    a) credits and loans.............	5 026 000,00
-    d) due to delivered goods with payment period........................	8 506 000,00
-    i) other.........................	3 974 000,00
-Total liabilities....................	98 862 000,00	108 291 000,00
Source of financial data	other	Monitor Polski B	Monitor Polski B
	periodic	annual	annual
Consolidated P/L	- 01.01.2009- 30.06.2009 (PLN)	01.01.2008- 31.12.2008 (PLN)	01.01.2007- 31.12.2007 (PLN)
-A. Net income form sale of goods, products and materials................	66 643 000,00	148 952 000,00	156 635 000,00
-  I. Net income form sale of products..............................	30 337 000,00	73 596 000,00	39 875 000,00
-  II. Net income form sale of goods and materials.........................	36 306 000,00	75 356 000,00	116 760 000,00
-B. Costs of sale of goods, products and materials.........................	53 325 000,00	118 955 000,00	128 289 000,00
-  I. Costs of manufacture of sold products..............................	22 744 000,00	57 033 000,00	30 907 000,00
-  II. Value of sold goods and materials.............................	30 581 000,00	61 922 000,00	97 382 000,00
-C. Gross profit from sale (A-B)......	13 318 000,00	29 997 000,00	28 346 000,00
-D. Costs of sale.....................	7 736 000,00	17 796 000,00	20 067 000,00
-E. Cost of management................	4 021 000,00	7 824 000,00	5 775 000,00
-F. Profit from sale (C-D-E)..........	1 561 000,00	4 377 000,00	2 504 000,00
-G. Other operating income............	1 027 000,00	2 486 000,00	2 180 000,00
-H. Other operating costs.............	913 000,00	2 054 000,00	2 919 000,00
-I. Profit from ordinary activity (F+G+H)...............................	1 675 000,00	4 809 000,00	1 765 000,00
-J. Financial income..................	1 192 000,00	658 000,00	1 343 000,00
-K. Financial costs...................	2 161 000,00	4 321 000,00	3 679 000,00
-M. Profit from business activity (I+J-K+-L)............................	706 000,00	1 146 000,00
-M. Loss from business activity (I+J-K+-L)............................			571 000,00
-Q. Gross profit (M+/-N-O+P)..........	706 000,00	1 146 000,00
-Q. Gross loss (M+/-N-O+P)............			571 000,00
-R. Income tax........................	576 000,00	1 327 000,00	-381 000,00
-  I. Current income tax..............		1 349 000,00	463 000,00
-  II. Defered income tax.............		-22 000,00	-844 000,00
-U. Minority losses...................		-276 000,00	-224 000,00
-W. Net profit (Q-R-S+-T+/-U).........	130 000,00	95 000,00	34 000,00

companies consolidated in financial statement as at

31.12.2008 -  BAKAL CENTER Sp. z o.o., ul. Walentego Roździeńskiego 11B, 41-308 Dąbrowa Górnicza

AUDITOR

Consolidated balance sheet as at 31.12.2008
ECA SEREDYŃSKI I WSPÓLNICY SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ sp. k., ul. Moniuszki 50, 31-523 Kraków	No. 3115

Expert auditor  Michał Kołosowski

No. 11117/7972

Locations:

seat: ul. Załogowa 17, 80-557 Gdańsk Phone:                   58 5220600 Fax:                     58 5220564 E-mail:                  info@atlantapoland.com.pl Website:                 atlantapoland.com.pl production works: ul. Wronia 28, 87-800 Włocławek Phone:                   54 4122014 E-mail:                  bakal@atlantapoland.com.pl

Real Estate
	No data Verification of information on real estate ownership position through the Real Estate Register is not covered by the standard report.

Shares in other companies

As at 29.10.2015 there are no shares in other companies.

Connections:

Dariusz Romuald Mazur , personal ID no. (PESEL) 62111605336 -  ROCKFIELD JURATA sp. z o.o., ul. Załogowa 17, 80-557 Gdańsk   · proxy -  ROCKFIELD PUCK sp. z o.o., ul. Załogowa 17, 80-557 Gdańsk   · shareholder: PLN 460 000,00 (100,00%)   · proxy  GENERALI Otwarty Fundusz Emerytalny lack of possibility to present current relationships for the entity Roman Mikołaj Gierszewski , personal ID no. (PESEL) 48121504012 -  Przedsiębiorstwo Produkcji Instalacji Przemysłowych Sp. z o.o. NIP 5840151560, ul. Śnieżna 2, 80-554 Gdańsk (! Court proceeding)   · member of representation unit -  Przedsiębiorstwo Handlowo-Usługowe GASPORT Sp. z o.o. NIP 5840250569, ul. Meissnera 1, 80-462 Gdańsk   · shareholder: PLN 99 900,00 (99,90%) -  „DS.” SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ sp. k. NIP 20000.00 PLN, ul. Wacława Sieroszewskiego 3/6, 81-376 Gdynia   · Limited partners, Comandite sum: PLN 20 000,00 -  "DS." sp. z o.o. NIP 5212113042, ul. Sieroszewskiego 3/6, 81-376 Gdynia   · shareholder: PLN 40 000,00 (80,00%)   · president Krzysztof Nawrocki , personal ID no. (PESEL) 49061601755 -  CF PABIANICKA sp. z o.o. NIP 5832991096, ul. Mickiewicza 16/8, 80-425 Gdańsk   · shareholder: PLN 12 500,00 (25,00%)   · proxy -  K&D CORPORATION SPÓŁKA Z O.O. NIP 5272581462, ul. Żytnia 18 A, 01-014 Warszawa   · vice president -  PROJEKT HARFOWA sp. z o.o., ul. Bielawska 6/48, 02-511 Warszawa   · shareholder: PLN 25 000,00 (50,00%)   · vice president Arkadiusz Orlin Jastrzębski , personal ID no. (PESEL) 72090601214 -  POLENERGIA SA NIP PL 9410301426, ul. Krucza 24/26, 00-526 Warszawa   · member -  KRUK SA NIP PL 9410301426, ul. Wołowska 8, 51-116 Wrocław   · member -  PAYTEL SA NIP PL 9410301426, ul. Jutrzenki 118, 02-230 Warszawa   · member of supervisory board -  „RED POINT” sp. z o.o. NIP 8971606376, ul. Pastewna 27B, 02-954 Warszawa   · shareholder: PLN 270 000,00 (90,00%)   · proxy -  COMP SA NIP PL 9410301426, ul. Jutrzenki 116, 02-230 Warszawa   · member -  INTEGER.PL SA NIP PL 9410301426, ul. Malborska 130, 30-624 Kraków   · member of supervisory board Magdalena Zofia Pawelska Mazur , personal ID no. (PESEL) 65083100209 -  ROCKFIELD JURATA sp. z o.o., ul. Załogowa 17, 80-557 Gdańsk   · president -  ROCKFIELD PUCK sp. z o.o., ul. Załogowa 17, 80-557 Gdańsk   · president Jolanta Tomalka , personal ID no. (PESEL) 69092312604 -  GIEŁDOWY DOM MAKLERSKI sp. z o.o. NIP 1080003879, ul. Grzybowska 80/82/139, 00-844 Warszawa   · member of supervisory board

Data concerning connections are valid as at: 29.10.2015.

Taking overs

04.05.2000 (Entry date) - merger ATLANTA POLAND SA, ul. Załogowa 17, 80-557 Gdańsk (as taking over)  Agronut SA Stat.no. 190293948, ul. Załogowa 17, 80-557 Gdańsk (as taken over)  14.08.2009 (Entry date) - merger ATLANTA POLAND SA, ul. Załogowa 17, 80-557 Gdańsk (as taking over)  BAKAL CENTER Sp. z o.o. KRS 105933, ul. Walentego Roździeńskiego 11B, 41-308 Dąbrowa Górnicza (as taken over)

Certificates:

ISO 9001:2008 valid until 15.04.2018 HACCP  valid until 15.04.2018

General information

Since 10.01.2005 Shares of the subject company are quoted on the Warsaw Stock Exchange, on the market of: basic - Warsaw Stock Exchange

ATLANTA POLAND SA does not form a group. Sales of the company ATLANTA POLAND SA is subject to seasonality. Periods of increased sales of dried fruits are Christmas and Easter. In the spring there is a decline in sales due to the availability of  fresh fruit. Consequently, the largest volume of sales the company in the fourth quarter, slightly lower in the first quarter of the year (increased sales in the period before Easter), while the lowest in the spring and summer months.

Banks

RAIFFEISEN BANK POLSKA SA O. w Gdańsku ul.Rajska 4  (17501152) ul. Rajska 4, 80-850 Gdańsk  Powszechna Kasa Oszczędności Bank Polski SA ul. Puławska 15, 02-515 Warszawa  MBANK SA O. Korporacyjny Gdańsk  (11401065) ul. Wały Jagiellońskie 8, 80-900 Gdańsk

Payment Manner

Nothing detrimental noted.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.65
UK Pound	1	Rs.99.61
Euro	1	Rs.72.33
PLN	1	Rs. 16.81

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	KAS
Report Prepared by :	ASH

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.